The board of directors of Power Corp. of Canada today appointed Robert Gratton as deputy chairman of the board.

Gratton served as chairman, president and CEO of Power Financial Corp.’s subsidiary, Montreal Trust, from 1982 to 1989. He was named president and CEO of Power Financial in 1990, and was executive chairman of the Power Financial board from May 2005 until May 8, 2008, when he announced his retirement. He continues to be a member of Power Financial’s board of directors.

Commenting on his appointment as Deputy Chairman, Gratton said that he looks forward to his ongoing association with the Power group and that shareholders of Power Corp. and Power Financial Corp. can count on his continuing interest in and support of the group companies and their management.

At their meeting today the shareholders of Power Corp. elected Raymond McFeetors to the board of directors. Yesterday, McFeetors was appointed vice chairman of the board of Power Financial.

Montreal-based Power Corp. is a diversified international management and holding company with interests in the financial services industry in North America and Europe.